Defining Poverty

1 post / 0 new
Agent of the International's picture
Agent of the In...
Offline
Joined: 17-08-12
Aug 30 2013 23:27
Defining Poverty

"But, in truth, that majority is impoverished. It is impoverished insofar as it has no other option than to sell its working abilities to those who monopolise the means of living and whose conspicuous wealth must irresistibly provide the very yardstick by which that poverty will be starkly exposed." - Robin Cox, http://www.worldsocialism.org/spgb/socialist-standard/2000s/2000/no-1150...

Is that reasonable? Or should it be based on whether or not we are able to meet our basic needs?

And what's really the difference between relative and absolute poverty? What's the point of such distinctions?